Families of Fana-Wny Inc

Analysis

Families of Fana-Wny Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in April 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Families of Fana-Wny Inc reported income of $602k and spending of $488k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $279k to $602k (+116%), an average of +21% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Families of Fana-Wny Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include The Hanger Charitable Foundation ($602k), Resources for Infant Educarers ($602k) and Community Volunteer Network ($602k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. At year end it held assets of $848k against liabilities of $0, net assets of $848k.